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Code compliance committee urges brokers to focus on culture

30 August 2021

The percentage of subscribers who self-reported code breaches fell to 44% in the 2020/21 financial year from 51% in the prior period, according to the latest report from the Insurance Brokers Code Compliance Committee...

ICA supports government-funded COVID-19 vaccine scheme

30 August 2021

The Federal Government will fund a COVID-19 vaccine indemnity scheme following consultations with groups including the Insurance Council of Australia, Australian Medical Association and Australian Chamber of Commerce and Industry...

ICA second BI test case set to start next week

30 August 2021

The Insurance Council of Australia second business interruption test case is set to start next Monday in the Federal Court after it was delayed by a week to allow more time to gather information...

Number of Asia-Pacific deals dives to lowest in a decade

30 August 2021

Expectations for a robust half of mergers & acquisitions in the Asia-Pacific region were frustrated during January-June by a high regulatory bar in some jurisdictions, law firm Clyde & Co says, with prospective acquirers facing higher solvency requirements...

South Queensland, north NSW/WA at greatest spring fire risk

30 August 2021

While most of Australia is rated as having normal bushfire potential during spring, the Australasian Fire and Emergency Services Authorities Council warns that residents should be alert as destructive and deadly fires can still occur...

Outlook for buyers more positive: Marsh

23 August 2021

The outlook for Australian insurance buyers is more positive moving into the second half of the year, with a trend of premium increase moderations established in the first half in some areas likely to continue, Marsh says in a mid-year update for the local market...

The Star ponders BI appeal as deadline looms

23 August 2021

The Star Entertainment Group says it is still considering whether it will appeal after it was unsuccessful in court action against insurers over a business interruption claim for losses resulting from COVID-19 restrictions...

Steve Johnston joins ICA board amid changes

23 August 2021

The Insurance Council of Australia says Suncorp CEO Steve Johnston has joined the board while Hollard Holdings Australia MD Richard Enthoven has become Deputy President...

Suncorp flood rebuilding grants open until mid-September

23 August 2021

Suncorp is funding a $200,000 round of grants for communities in NSW and South-East Queensland impacted by severe flooding in March as part of a $1 million initiative to encourage remote, rural and regional communities in Australia to rebuild more resiliently in preparation for future disasters...

Post-COVID 'a long way off'

16 August 2021

The insurance industry may have to reassess its COVID adjustment plans as it is increasingly apparent the coronavirus pandemic is a “completely different ballgame” from past communicable disease outbreaks, according to the Actuaries Institute...

In Insurance News magazine this month

16 August 2021

Once a minnow in the field, local insurer Hollard has turbo-charged its GWP after pulling off the daring acquisition of Commonwealth Bank’s insurance business. The cover story in the latest edition of Insurance News magazine features the company’s founder Richard Enthoven, who talks about how the deal came about and how Hollard will leverage its new business to foster growth...

Auckland’s June tornado is costliest on record

16 August 2021

Insurers have covered insured losses of $NZ32 million so far for a tornado that tore through the south Auckland suburb of Papatoetoe on June 19, the Insurance Council of New Zealand says...

Suncorp builds back better in stronger homes drive

16 August 2021

Brisbane-based insurer Suncorp is encouraging Queensland customers to “build back better” after releasing information on household claims it has dealt with over the past five years...

ICA considers The Star BI court decision implications

09 August 2021

The Insurance Council of Australia is considering the implications of a Federal Court decision that found a policy held by The Star Entertainment Group did not provide business interruption cover for COVID-19 restrictions...